BIS' Project Agora finds tokenization could make cross-border payments faster, safer

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CoinDesk Staff

(03:45 PM UTC)

1 min read

Project Agorá, backed by major central banks, will now move toward "real-value" testing to settle tokenized central bank money and bank deposits on blockchain rails.

A major experiment led by the Bank for International Settlements (BIS) found that tokenization could help fix some of the biggest pain points in cross-border payments, from slow settlement times to costly reconciliation between…

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